Sequoia Financial Advisors LLC Buys New Position in Ball Corporation $BALL

Sequoia Financial Advisors LLC bought a new stake in Ball Corporation (NYSE:BALL) in the fourth quarter, HoldingsChannel reports. The fund bought 10,731 shares of the company’s stock, valued at approximately $568,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in Ball by 14.9% during the 3rd quarter. Invesco Ltd. now owns 4,651,348 shares of the company’s stock worth $234,521,000 after acquiring an additional 602,137 shares during the period. Dimensional Fund Advisors LP lifted its position in Ball by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,828,298 shares of the company’s stock worth $193,003,000 after acquiring an additional 455,089 shares during the period. Boston Partners lifted its position in Ball by 2.1% during the 3rd quarter. Boston Partners now owns 3,816,297 shares of the company’s stock worth $192,402,000 after acquiring an additional 79,700 shares during the period. Bank of America Corp DE lifted its position in Ball by 17.1% during the 3rd quarter. Bank of America Corp DE now owns 2,406,154 shares of the company’s stock worth $121,318,000 after acquiring an additional 351,060 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Ball by 1.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,141,399 shares of the company’s stock worth $107,969,000 after acquiring an additional 29,586 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ball

In other Ball news, SVP Kathleen Pitre sold 10,660 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $66.63, for a total transaction of $710,275.80. Following the completion of the transaction, the senior vice president owned 36,772 shares of the company’s stock, valued at approximately $2,450,118.36. This trade represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Fauze Villatoro acquired 1,551 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average price of $64.51 per share, for a total transaction of $100,055.01. Following the acquisition, the senior vice president directly owned 13,778 shares of the company’s stock, valued at approximately $888,818.78. The trade was a 12.69% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.58% of the company’s stock.

Ball Stock Performance

NYSE BALL opened at $55.16 on Friday. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29. The company has a market capitalization of $14.69 billion, a P/E ratio of 15.94, a PEG ratio of 1.08 and a beta of 1.06. The business has a 50 day moving average price of $60.56 and a 200 day moving average price of $56.90. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.Ball’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts expect that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 1.5%. Ball’s dividend payout ratio (DPR) is presently 23.12%.

Analyst Ratings Changes

A number of research firms have weighed in on BALL. Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Truist Financial increased their price objective on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Raymond James Financial set a $73.00 price objective on Ball and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Jefferies Financial Group increased their price objective on Ball from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company increased their target price on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.54.

Ball Company Profile

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.